Until the recent Boeing teaming agreement, PSID hadnt secured any formidable contracts. Their EPS is in the negative, and they have been declining for years, while working on their projects. Now, their products have proved to be superior and have a real shot at securing the DHS contract along with some others, all which could contribute to PSID going back to the dollar range.
The previous CEO (Silverman) made a financing deal in 2011 with the scumbags Ironridge Financial and that hammered the pps. Don't ask for a link. Find it in old news or SEC filings.
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